Arizona weekly citizen., 1887-05-07
Why it Rooms. (Phenix Hsrald.l

II, four months ago, anyone had de
 ciared that within the next year prop
 erty one-halt tO three-iOurths of 6 mile
 ont of town would. without some specis
 impellIng enterprise be selling at $50(
 per acre, that property on the edge oi
 the city would be selling at from SI. .J0(
 tO S2 UO0 per acre. he would have beer ! r-ya- led as over sanguIue, at least
 and perhaps highly visionary, but to- day these are cold. substantial facts
 that admit of no argument. And ss we sometimes fail SO largely in drawing conclusions upon the future. SO, to-day
 he who has the general information on the conditions If soil and climate that
 here prevail. has experience in their capabilities and Tn the rapidIiy of the development such conditions entail and
 predi,ts that within the next three or four years land all up and down
 this valley will command $500 per acre on an average, IS also liable to be thought eXtravagsnt and visionary and yet why should lands not be worth even more than that within the length of time named. The soil. the water, the climate are here, waiting to be pat to use n a proper manner to make lands worth ! "aA wv kNA hlAG UT GN0l LlgACs anu NuC1
 We say Fl, OOO per acre, We mean that they will return to the owner,or culhvat- | uT, as large Cr larger rate of interest on that much money per acre as is return ed on that much money in any other business into which It might be put any where on the continent. If good average rate of interest, the country over. Is, on large and long loans, seven | ger cent, then land which yields a clear prcti, of $40 per acre should be worth S2,UtO Der acre; the rate named ss SD average Is high az all business men well know; the net returns named for an acre Of orange trees or wine or raisln grapes, or on early fruit, is very me | dunn as all who are acquainted with | those businesses in California and else where bear indisputable evidence. The | illustrative case has been ranged below the average facts and yet we get price per acre just double what has been named. Now Rs to the time that our lands will require to reach a value of Sl,OOO or S2,OOO per acre. We have posi- tive evidence all around us. It IS mar veiOusly short. The third year vines pay their way, the fourth year they pay costs of planting and cultivation to the bearing point; the fifth year they yield 6 clean net revenue. Oranges and lemons are a little slower but costs of cultivs- ton are less, especially after they come to bearing. The olive begins to yield 0 thrifty income the fifth year. The peach and the apricot are pouring wealth into the pocket ot the owner third year from planting. The strawberry, the water melon and vegetables the second and first years. Are We then beyond the facts when We assert that within three or four yesrs our lands wherever water can be got onto them will be worth on sn average $500 per acre. We may be but there IS only one circumstance that will give rise to doubs and that is the lack of capital to develop these lands, within the time specified 10 what they will become. And there need be little doubt on this point when we consider the fact that practically within the past four months upwards of three quarters of million dollars have been invested 10 real estate in this valley. Let our pessimists no longer hug an emscisted phantom of hope. Spread all about us ard seething and surging to burst forth into usefulness are the elements of Immense wealth which $500 per acre will, in fact, utterly fail to approach.